At 9 a.m. Tuesday morning, Dallas Mavericks’ owner and business shark Mark Cuban answered questions on Reddit. Thousands of members of the sub reddit r/wallstreetbets asked their questions about GameStop, AMC and Nokia stocks as well as questions about the Securities and Exchange Commission and the stock trading app Robinhood. Within minutes, the price of a single share of GameStop…
Reddit and the Robinhood stock buying app took over Wall Street but many Robinhood users are not happy with the app they use to purchase shares of stock. After Redditors ran up the price of several stocks including GameStop, Robinhood halted new purchases. Friday the app again restricted GameStop share purchases to just one per transaction. Also Friday users learned…
A band of Redditors took on Wall Street and other investors that resulted in spikes in the value of shares in several companies. WallStreetbet is a popular subreddit where members talk stock market and give tips to other members. Earlier this week members of that sub began talking up shares of stock in GameStop, a videogame retailer. Encouraging one another…
